DGAP-Ad-hoc: Salzgitter AG / Key word(s): Change in Forecast/Half Year Results According to the preliminary figures for the first six months of the financial year 2017, the The sound mid-year result and the firming up of the gratifying profit situation of the Strip Steel and Trading business units have prompted us to increase our profit forecast for the full-year 2017.
We now anticipate: - an increase in sales to around EUR 9 billion, - a pre-tax profit of between EUR 150 million and EUR 200 million (previously: EUR 125 million and EUR 175 million), as well as - a return on capital employed that is discernibly higher year on year. Further details on the financial statements for the first half year will be published on August 10, 2017, as scheduled. We make reference to the possibility of considerable variability in the consolidated result due to the fact that the bond exchangeable into shares will mature in November 2017 - depending on the use of the option to settle the bond obligation through the delivery of shares or cash payment. Similarly, opportunities and risks from currently unforeseeable trends in selling prices, input material prices and capacity level developments, as well as changes in the currency parity, may considerably affect performance in the course of the financial year 2017.
Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de
27-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Salzgitter AG |
Eisenhüttenstraße 99 | |
38239 Salzgitter | |
Germany | |
Phone: | +49 5341 21-01 |
Fax: | +49 5341 21-2727 |
E-mail: | info@salzgitter-ag.de |
Internet: | www.salzgitter-ag.de |
ISIN: | DE0006202005 |
WKN: | 620200 |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
596519 27-Jul-2017 CET/CEST